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WSP completes acquisition of Proxion Plan and Proxion Pro, enhancing rail expertise in Finland

Mar 26, 2024•over 1 year ago

Acquiring Company

WSP Global

Acquired Company

Proxion

MontrealHelsinkiProfessional ServicesCivil Engineering

Description

WSP Global Inc. is pleased to announce the acquisition of Proxion Plan Oy and Proxion Pro Oy, both Finnish companies specializing in railway and critical infrastructure services. This strategic acquisition strengthens WSP’s market position in Finland and enhances its rail expertise, allowing WSP to lead large-scale projects and provide expanded rail and advisory services.

Company Information

Company

WSP Global

Location

Montreal, Quebec, Canada

About

WSP Global Inc. is one of the largest professional services firms in the world, providing strategic advisory, engineering, and design services to clients seeking sustainable solutions in the transportation, infrastructure, environment, building, energy, water, and mining sectors. With 66,500 trusted professionals, WSP is committed to creating positive, long-lasting impacts on the communities it serves through innovation, integrity, and inclusion.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed